Workers’ Comp Rate Decision
Insurance Commissioner Ricardo Lara again rejected the insurance industry’s request for an increase in the state’s workers’ comp advisory pure premium rates and approved a 3.4% decrease for rates as …
Tagged in: Insurance Commissioner Ricardo Lara
CDI Focuses On Frequency in Workers’ Comp Rate Filing
The California Department of Insurance continues to review the insurance industry’s request for a 2.7% workers’ comp rate hike. Documents obtained by Workers’ Comp Executive indicate that an important area …
Lobbyists Sue Applied Underwriters For $2M Fee
Correction: The original version of this article misidentified the organization that is pursuing a public records act lawsuit against the California Department of Insurance. The organization is Consumer Watchdog and …
Commissioner Lara v Applied Underwriters Back In Court
Insurance Commissioner Ricardo Lara and the California Department of Insurance will be in federal Court next week asking the Court to dismiss yet another attempt by entities related to Applied …
The Case For a Workers’ Comp Rate Cut
The insurance industry officially asked Insurance Commissioner Ricardo Lara to approve a 2.7% hike in California’s advisory workers’ comp pure premium rates as of September 1, 2021. Employers are backing an alternative recommendation for an 8.2% decrease based on the analysis by actuary Mark Priven of Bickmore on behalf of the public members to the …
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Commissioner Lara Approves Anti-Fraud Funds
Insurance Commissioner Ricardo Lara approved the recommended grant amounts for 36 county district attorneys to use to fight workers’ comp fraud in 40 different counties. The $45,889,371 in funds for the 2021/22 fiscal year is the same that California employers provided in the last round of grants, although the allocations differ in some cases to …
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District Attorneys Jockey For Anti-Fraud Funds
District attorneys from around the state made last-ditch presentations to bolster their requests for a share of the nearly $46 million that is up for grabs this year to fight workers’ comp fraud in the state. The money is part of the $78 million that California employers are required to pay to support the DAs …
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Unfiled Side Agreements Found Illegal And Void
The California Department of Insurance ruled an Indiana insurance carrier cannot enforce the terms of the collateral and indemnity agreements that were part of a large deductible workers’ comp program. The carrier did not file the side agreements for approval before they were used. The ruling stems from a dispute between Protective Insurance, formerly Baldwin …
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